Vistra Corp. (NYSE:VST – Get Free Report) shares reached a new 52-week high during trading on Monday after Morgan Stanley raised their price target on the stock from $110.00 to $132.00. Morgan Stanley currently has an overweight rating on the stock. Vistra traded as high as $111.80 and last traded at $111.80, with a volume of 152512 shares trading hands. The stock had previously closed at $107.88.
A number of other equities analysts have also weighed in on the stock. BMO Capital Markets upped their target price on shares of Vistra from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group began coverage on Vistra in a research report on Friday, September 13th. They issued a “buy” rating and a $99.00 target price on the stock. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $104.50.
Read Our Latest Report on Vistra
Institutional Trading of Vistra
Vistra Stock Performance
The stock has a market capitalization of $39.05 billion, a P/E ratio of 66.18 and a beta of 1.08. The stock’s 50-day simple moving average is $80.15 and its 200 day simple moving average is $80.85. The company has a debt-to-equity ratio of 2.89, a current ratio of 0.98 and a quick ratio of 0.88.
Vistra (NYSE:VST – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a net margin of 4.61% and a return on equity of 21.05%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $4.04 billion. During the same period in the prior year, the company earned $1.03 earnings per share. Research analysts expect that Vistra Corp. will post 4.52 EPS for the current fiscal year.
Vistra Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.2195 per share. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Vistra’s previous quarterly dividend of $0.22. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. Vistra’s dividend payout ratio (DPR) is currently 53.37%.
Vistra Company Profile
Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.
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